New Zealand/Australia Morning Call-Global markets

Reuters - UK Focus

----------------------(06:44 / 1844 GMT)-----------------------Stock Markets S&P/ASX 200 5,305.87 -3.20 NZSX 50 4,893.95 -27.34DJIA 16,458.56 +41.55 Nikkei 15,734.46 -12.74NASDAQ 4,197.58 -21.11 FTSE 6,829.30 +13.88S&P 500 1,838.70 -7.19 Hang Seng 22,986.41 +146.94SPI 200 Fut 5,194.00 +11.00 TRJCRB Index 278.41 -0.01 Bonds (Yield) AU 10 YR Bond 4.035 +0.010 US 10 YR Bond 2.819 +0.000NZ 10 YR Bond 4.630 +0.000 US 30 YR Bond 3.749 +0.000 Currencies (Prev at 7pm NZST) AUD US$ 0.8772 0.8809 NZD US$ 0.8244 0.8303EUR US$ 1.3539 1.3614 Yen US$ 104.06 104.35 Commodities Gold (Lon) 1250.00 Silver (Lon) 20.010 Gold (NY) 1253.62 Light Crude 94.37 ---------------------------------------------------------------Overnight market action with latest New York (Frankfurt: HX6.F - news) figures.

EQUITIES

NEW YORK - The S&P 500 and Nasdaq declined on Friday asresults from Intel (Berlin: INL.BE - news) and General Electric (Swiss: GE.SW - news) were thelatest to dampen the view on fourth-quarter earnings.

The Dow Jones industrial average rose 41.55 points or0.25 percent, to end at 16,458.56. The S&P 500 fell 7.19points or 0.39 percent, to finish at 1,838.70. The NasdaqComposite dropped 21.107 points or 0.50 percent, to4,197.582.

For the week, the Dow rose 0.13 percent, the S&P 500 slipped0.20 percent and the Nasdaq gained 0.55 percent.

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LONDON - Britain's top share index had its best weekly gainso far this year after inching higher on Friday, boosted bystrong UK retail sales data and a rally in motor insurer stocks.

The blue-chip FTSE 100 closed 13.88 points higher,or 0.2 percent, at 6,829.30 points.

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TOKYO - The Nikkei stock average dropped on Friday asdisappointing U.S. corporate earnings hurt sentiment, but themarket pared its losses on optimism over Japan's third-quarterreporting season due to kick off later this month.

The Nikkei average ended 0.1 percent lower at15,734.46, after earlier falling as much as 0.8 percent. For theweek, the index dropped 1.1 percent.

The broader Topix gained 0.2 percent to 1,297.39.

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SYDNEY - Australian stocks were set for a cautious start onMonday following a decline on Wall Street due, in part, totechnical selling.

But resource stocks could offset a subdued start of the weekas global miner BHP Billiton (NYSE: BBL - news) 's U.S. ADRs rose0.8 on Friday.

Australian stock futures ended unchanged at5,265.0, a discount of 40.9 percent to the underlying S&P/ASX200 index on Friday. The local benchmark slipped 0.1percent in the prior session.

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FOREIGN EXCHANGE

NEW YORK - The dollar rose on Friday, pushing the euro to aseven-week low, after fresh U.S. data supported the view theworld's largest economy is improving enough to keep the FederalReserve's stimulus-reducing measures on track.

The euro fell to a seven-week low of $1.3515 in theafternoon on the dollar's strong rally. It was last at $1.3530,down 0.7 percent.

The dollar index, a gauge of the dollar's value versus sixmajor currencies, rose 0.4 percent to 81.232. Inafternoon trading, the yen was keeping pace with the dollar, asthe greenback traded down 0.03 percent to 104.31 yen.

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TREASURIES

NEW YORK - U.S. Treasuries prices rose on Friday as economicdata was largely as expected and as trading volumes were lightbefore a long holiday weekend.

Benchmark 10-year notes were last up 3/32 inprice to yield 2.832 percent, down from 2.845 percent late onThursday.

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COMMODITIES

GOLD

NEW YORK/LONDON - Gold rose on Friday as weakness in U.S.equities, strong fund buying and Asian physical demand liftedbullion to its fourth consecutive weekly gain.

Spot gold, which fell initially, climbed 0.8 percentto $1,252.11 an ounce by 2:45 p.m. EST (Other OTC: ECPCY - news) (1945 GMT).

For the week, it was up 0.5 percent, extending its weeklywinning streak to four - its longest rise since September 2012.

U.S. gold futures for February delivery settled up$11.70 at $1,251.90 an ounce, with trading volume about 40percent below its 250-day average, preliminary Reuters datashowed.

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BASE METALS

LONDON - Nickel was steady on Friday and notched up a 6percent rise this week, its biggest weekly gain in almost ayear, after Indonesia banned exports of ore last weekend.

Three-month nickel on the London Metal Exchange,closed flat at $14,695 on Friday, unchanged from the close onThursday. The metal posted its biggest weekly rise since earlyFebruary 2013.

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OIL

NEW YORK - Demand for heating fuels and rising gasolineprices drove oil higher on Friday, but gains were limited by astronger dollar and expectations for increased supply from Libyaand Iran.

Brent oil for March delivery settled up 73 centsat$106.48 a barrel, rebounding from the two-month low of $105.44it hit earlier in the day. U.S. crude settled at atwo-week high, up 41 cents at $94.37 a barrel, reversing twoweeks of losses.

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